Which of the Following Behaviours Is a Company Practising When

question 2

Multiple Choice

Which of the following behaviours is a company practising when it enforces supplier contracts with foreign countries that state that child labour will not be used to produce its products?

• A) corporate responsibility
• B) honesty and fair pricing
• C) responsibility to the environment
• D) consumerism

Develop skills in converting scatterplot data into histograms to visualize the distribution of a single variable.

Recognize different types of associations (e.g., linear, exponential) between variables in scatterplots.

Learn to describe and interpret associations in scatterplots and histograms.

Understand how to use scatterplots to predict trends and behaviors in real-world scenarios.

---

Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service, important in decision-making processes regarding output levels.

Profit Per Unit

The difference between the selling price and the cost of producing or purchasing one unit of a good or service.

Optimal Output

The level of production that maximizes a firm's profit or minimizes its costs, determined by where marginal cost equals marginal revenue.

Price to Clear

The market price at which the quantity supplied equals the quantity demanded, ensuring all goods in the market are sold.